Rigdon Larry T 4
4 · GULFMARK OFFSHORE INC · Filed Sep 17, 2010
Insider Transaction Report
Form 4
Rigdon Larry T
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2010-06-08$14.40/sh−0.584$8→ 169,518 total - Exercise/Conversion
Class A Common Stock
2010-06-08+2,884.584→ 169,518.584 total - Exercise/Conversion
PHANTOM STOCK
2010-06-08−3,220.652→ 0 totalFrom: 2010-06-08Exp: 2010-06-08→ Class A Common Stock (3,220.652 underlying)
Footnotes (3)
- [F1]Effective June 8, 2010, Mr. Rigdon was no longer a member of the board of directors of GLF. Each phantom stock unit he received under GLF's Executive Nonqualified Excess Plan (the "Plan") was the economic equivalent of one share of GLF Class A common stock. On June 8, 2010, Mr. Rigdon's 3,220.652 phantom stock units were settled or forfeited as follows: (i) 2,884 for an equal number of shares of GLF Class A common stock, (ii) 0.584 units for cash, and (iii) 336.068 units were forfeited as they were not vested under the terms of the Plan.
- [F2]Calculated based on the closing stock price of GLF Class A common stock on June 8, 2010, which was $24.57.
- [F3]This is a voluntary filing reflecting Mr. Rigdon no longer being subject to Section 16. Under Rule 16a-2(b), a post-termination transaction by a former director is only reportable if the transaction is not exempt from Section 16(b) and occurs within less than six months of a non-exempt, opposite way transaction that occurred while the person was a director. Neither circumstance exists with respect to this transaction, but Mr. Rigdon wanted to file an exit report.